4.—(1) The scheme manager is to appoint the chair of the Board.
(2) If the person appointed is not already a member of the Board, by virtue of the appointment, the person becomes a member of the Board.
(3) The term of office of a member of the Board as chair is to be determined by the scheme manager on appointment of the member as chair, but it must be for a period that is no longer than the period between the chair's date of appointment as chair and the date on which the chair's term of office as a member is due to expire (irrespective of whether or not they are thereafter reappointed as a member).
(4) A member serving as chair shall cease to be chair—
(a)on ceasing to be a member;
(b)if the member resigns as chair, which the member may do at any time by giving a minimum of six months' notice (or such shorter period as the scheme manager is prepared to accept) in writing to the scheme manager;
(c)if the member's membership of the Board is suspended by the scheme manager.